ivannomonet
Registered User
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A question for those of you more knowledgable on the pensions front. I see a lot of reading that says to take maximum risk in the early years of saving for a pension and then de-risking/de-leveraging say 10 years or so out from retirement. Now what confuses me is why is this prudent? If I assume I wont take an annuity but will take an ARF then surely I would want that ARF to be making the best return possible? So why move to low risk options before retirement only to move to high risk afterwards?
Apologies if this seems like a stupid question, just trying to understand the strategy as you normally read it? Can anyone explain please?
Apologies if this seems like a stupid question, just trying to understand the strategy as you normally read it? Can anyone explain please?